[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR32.301]



[Page 659-660]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 32_CONTRACT FINANCING--Table of Contents

 

           Subpart 32.3_Loan Guarantees for Defense Production

 

Sec. 32.301  Definitions.



    As used in this subpart--



[[Page 660]]



    Borrower means a contractor, subcontractor (at any tier), or other 

supplier who receives a guaranteed loan.

    Federal Reserve Board means the Board of Governors of the Federal 

Reserve System.

    Guaranteed loan or V loan means a loan, revolving credit fund, or 

other financial arrangement made pursuant to Regulation V of the Federal 

Reserve Board, under which the guaranteeing agency is obligated, on 

demand of the lender, to purchase a stated percentage of the loan and to 

share any losses in the amount of the guaranteed percentage.

    Guaranteeing agency means any agency that the President has 

authorized to guarantee loans, through Federal Reserve Banks, for 

expediting national defense production.



[48 FR 42328, Sept. 19, 1983, as amended at 66 FR 2132, Jan. 10, 2001]